First Close Of Neo Infra Income Opportunities Fund II By NAAM
FinTech BizNews Service
Mumbai, 29 April, 2025: Neo Alternative Asset Managers Pvt Ltd (“NAAM”), formerly known as Neo Asset Management Pvt Ltd, one of India’s fastest growing alternative asset management platforms with over Rs25,000 crore in assets under management, today announced the first close of its Neo Infra Income Opportunities Fund II, having raised Rs1,500 crore against a target fund size of Rs5,000 crore. The Fund builds on NAAM’s strong track record in infrastructure income strategies, with a focused approach towards investing in operational, revenue-generating infrastructure assets backed by long-term contracted cash flows from highly creditworthy government counterparties, with a focus on roads and renewables. The strategy is anchored in stability, visibility of income, and capital protection, making it an attractive alternative to traditional fixed income products.
The platform has already demonstrated capabilities across NHAI’s Hybrid Annuity Model (HAM) road assets and a utility-scale solar portfolio in its first infrastructure fund, reinforcing its ability to source, evaluate, acquire, and actively manage infrastructure investments. This second infrastructure fund will follow a similar disciplined investment strategy as already demonstrated in first fund, with significant majority of capital to be deployed into operating assets and balance into select opportunities such as privately listed InvITs, thereby enabling a balanced and diversified portfolio approach.
With a dedicated infrastructure team of over 50 professionals in its infrastructure funds business, NAAM continues to deepen its sector expertise, combining strong underwriting, rigorous due diligence, and hands-on asset management. Neo’s investment and operations team brings decades of experience across infrastructure investing, including building large-scale road networks and renewable platforms and executing complex transactions.
Investor interest in infrastructure income strategies remains strong, supported by huge potential including a significant pipeline of road projects, renewable energy platforms, and InvIT issuances coming to market. This has opened up a compelling opportunity for investors seeking stable, predictable cash flows with long-duration visibility and diversification benefits.
Hemant Daga, Co-Founder - Neo Group & CEO - Neo Alternative Asset Managers, said “The strong response to the first close of Neo Infra Income Opportunities Fund II reflects growing investor confidence in infrastructure income as a resilient asset class. In an environment where stability and yields are increasingly valued, high-quality infra assets continue to stand out as compelling long-term investments.”
He added: “At NAAM, our focus remains on disciplined capital allocation and execution excellence. Our experience across roads and renewable assets, combined with a strong pipeline of opportunities, positions us well to scale this strategy while maintaining consistency in performance and risk management.”
Abishek Goel, Managing Director & Head – Infrastructure & Real Assets Fund, Neo Alternative Asset Managers, said “We are seeing increasing investor appetite for well-structured infrastructure income opportunities, particularly those backed by strong cash flow visibility and government-linked contracts. Our approach combines deep sector expertise with rigorous asset selection and active asset management, enabling us to build a portfolio that balances yield, quality, and longevity.”
NAAM’s infrastructure platform is a key pillar within its broader alternatives ecosystem, which spans multiple strategies designed to deliver differentiated risk-adjusted returns. With a growing asset base, strong institutional backing, and an active investment pipeline of opportunities, the firm is well-positioned to further expand its presence in India’s infrastructure investment landscape.
